Utilitarianism is a moral philosophy that holds that the best action is the one that maximizes utility. Utility is often defined as the greatest good for the greatest number of people. Key Characteristics / Core Concepts Focuses on consequences: Utilitarianism judges actions based on their outcomes, not intentions. Maximizing happiness/well-being: The goal is to produce … Read more
Moral philosophy, or ethics, is the branch of philosophy that explores the concepts of right and wrong, good and bad, virtue and vice. It delves into the principles that govern human behavior and guide moral decision-making. Key Characteristics / Core Concepts Normative Ethics: Deals with establishing norms or standards for ethical conduct. Meta-ethics: Examines the … Read more
Ethics are moral principles that govern a person’s behavior or the conducting of an activity. They provide a framework for determining right and wrong, good and bad. Key Characteristics / Core Concepts Moral principles: Ethics are based on widely accepted standards of right and wrong. Guiding behavior: They influence how individuals and groups act in … Read more
Business ethics are moral principles that govern a company’s behavior and its interactions with stakeholders. They provide a framework for making decisions that are both legally sound and morally upright. Key Characteristics / Core Concepts Fairness: Treating all stakeholders equitably, including employees, customers, suppliers, and the community. Honesty: Maintaining transparency and integrity in all business … Read more